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Countrywide Loan-Underwriting Expert System

AI Magazine

Countrywide loan-underwriting expert system (clues) is an advanced, automated mortgage-underwriting rule-based expert system. The system receives selected information from the loan application, credit report, and appraisal. It then decides whether the loan should be approved or whether it requires further review by a human underwriter. If the system approves the loan, no further review is required, and the application is funded.


Using Knowledge in Its Context: Report on the IJCAI-93 Workshop

AI Magazine

The Workshop on Using Knowledge in Its Context was held in Chambery, France, on 28 August 1993, preceding the Thirteenth International Joint Conference on Artificial Intelligence (IJCAI-93). This article provides a summary of the discussions between the participants before (by e-mail) and during the one-day workshop. It is clear from these discussions that the notion of context is far from defined and is dependent in its interpretation on a cognitive science versus an engineering (or system building) point of view. In identifying the two points of view, this workshop permitted us to go one step further than previous workshops (notably Maskery and Meads [1992] and Maskery, Hopkins, and Dudley [1992]). Once a distinction is made on the viewpoint, one can achieve a surprising consensus on the aspects of context that the workshop addressed -- mainly, the position, the elements, the representation, and the use of context. Despite this consensus on the aspects of context, agreement on the definition of context was not yet achieved.


Routine Design for Mechanical Engineering

AI Magazine

COMIX (configuration of mixing machines) is a system that assists members of the EKATO Sales Department in designing a mixing machine that fulfills the requirements of a customer. It is used to help the engineer design the requested machine and prepare an offer that's to be submitted to the customer. comix integrates more traditional software techniques with explicit knowledge representation and constraint propagation. During the process of routine design, some design decisions have to be made with uncertainty. By including knowledge from process technology and company experience in the mechanical design, a sufficiently high degree of flexibility is achieved that the system can even assist in difficult design situations. The success of the system can be measured by the increase in the quantity and the quality of the submitted offers.


Countrywide Loan-Underwriting Expert System

AI Magazine

Countrywide loan-underwriting expert system (clues) is an advanced, automated mortgage-underwriting rule-based expert system. The system was developed to increase the production capacity and productivity of Countrywide branches, improve the consistency of underwriting, and reduce the cost of originating a loan. The system receives selected information from the loan application, credit report, and appraisal. It then decides whether the loan should be approved or whether it requires further review by a human underwriter. If the system approves the loan, no further review is required, and the application is funded. clues has been in operation since February 1993 and is currently processing more than 8500 loans each month in over 300 decentralized branches around the country.


The VLS Tech-Assist Expert System

AI Magazine

The vertical launch system (vls) tech-assist expert system is being used by the in-service engineering agent as a force multiplier to maintain the readiness, with fewer resources, of a growing population of vlss in the U.S. Navy fleet. This article describes the collaborative development of this knowledge-based system for diagnosis; its main features, including case-based and model-based reasoning; and the lessons we learned from the process.





An Introduction to Least Commitment Planning

AI Magazine

Recent developments have clarified the process of generating partially ordered, partially specified sequences of actions whose execution will achieve an agent's goal. This article summarizes a progression of least commitment planners, starting with one that handles the simple STRIPS representation and ending with UCPOP, a planner that manages actions with disjunctive precondition, conditional effects, and universal quantification over dynamic universes. Along the way, I explain how Chapman's formulation of the modal truth criterion is misleading and why his NP-completeness result for reasoning about plans with conditional effects does not apply to UCPOP.